IOTAUSDT: Price Near Longterm Support

IOTA is hovering near its longterm support - we will use this opportunity to open a small position with a tight stop loss targeting a 50% fib. retracement from the previous high. This trade has an excellent risk reward ratio as long as you adhere to the stop loss (on candle close)

Buy: 0.98 - 1.00

Target 1: 1.16
Target 2: 1.34
Target 3: 1.59
Target 4: 1.89

Stoploss: 0.87